Cable & Wireless Worldwide Says Performance Post Demerger "Not Ideal"

London - 24 May 2011

After two profits warnings in the past 12 months, Cable and Wireless Worldwide CEO Jim Marsh said in an interview that it hadn't been an ideal year for the group.

However, in discussing the group's full-year results, Mr Marsh told the financial broadcaster that he was confident there would be no more surprises.

The telecoms boss highlighted the company's ability to generate cash as a positive, and committed to continue the dividend payout at current levels.

"We have committed to maintaining that dividend until the point at which it's cash covered in the business, when it will then become a progressive policy."

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